United Kingdom GDP Annual Growth Rate  1956-2017 | Data | Chart | Calendar

United Kingdom's gross domestic product expanded 2.2 percent year-on-year in the third quarter of 2016, following a downwardly revised 2.1 percent growth in the previous period but missing the second estimate of 2.3 percent gain. GDP Annual Growth Rate in the United Kingdom averaged 2.46 percent from 1956 until 2016, reaching an all time high of 9.80 percent in the first quarter of 1973 and a record low of -6.10 percent in the first quarter of 2009.

United Kingdom GDP Annual Growth Rate
Receive the next reported value for United Kingdom GDP Annual Growth Rate in you Inbox



We will not not share your email with third parties and you can unsubscribe at any time.
Please Paste this Code in your Website
Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-10-27 08:30 AM Q3 2.3% 2.1% 2.1% 1.9%
2016-11-25 09:30 AM Q3 2.3% 2.1% 2.3% 2.3%
2016-12-23 09:30 AM Q3 2.2% 2% 2.3% 2.3%
2017-01-26 09:30 AM Q4 2.2% 2%
2017-02-23 09:30 AM Q4 2.2% 2%
2017-03-31 08:30 AM Q4 2.2% 2%




UK GDP Annual Growth Revised Down To 2.2%


UK's gross domestic product expanded 2.2 percent year-on-year in the third quarter of 2016, accelerating from a downwardly revised 2 percent growth in the previous period but below the second estimate of a 2.3 percent gain. It was the strongest reading since the second quarter of 2015, mainly boosted by gross fixed capital formation.

On the expenditure side, gross fixed capital formation continued to grow (+0.5 percent from +0.4 percent in Q2), but business investment contracted (-2.2 percent). Meanwhile, growth slowed for both household consumption (+2.6 percent from +3 percent in Q2) and government spending (+0.2 percent from +0.7 percent).

Net external demand contributed negatively, as exports advanced 1.7 percent, following a 3.8 percent gain in Q2; while imports grew at a faster 4.2 percent, after rising by 3.4 percent the previous period. 

On the production side, the service industries expanded 3.1 percent (+2.7 percent in Q2), mainly boosted by distribution, hotels and restaurants (+5 percent from +4.6 percent in Q2), transport storage and communications (+4.2 percent from +2.1 percent in Q2); business services and finance (+3.1 percent from +2.8 percent in Q2); and government and other services (+1.6 percent from +1.4 percent in Q2). Industrial production rose at a slower 1.1 percent (+1.6 percent in Q2), as growth slowed for: manufacturing (+0.5 percent from +0.9 percent in Q2). Construction grew 1.7 percent, following a 1.6 percent gain in Q2.

ONS | Joana Ferreira | joana.ferreira@tradingeconomics.com
12/23/2016 10:58:28 AM



United Kingdom GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.60 0.60 5.00 -2.70 percent [+]
GDP Annual Growth Rate 2.20 2.00 9.80 -6.10 percent [+]
GDP 2858.00 2998.83 3063.01 72.33 USD Billion [+]
GDP Constant Prices 468771.00 466154.00 468771.00 107263.00 GBP Million [+]
Gross National Product 482897.00 475301.00 482897.00 4748.00 GBP Million [+]
Gross Fixed Capital Formation 78402.00 77718.00 80420.00 13405.00 GBP Million [+]
GDP per capita 41187.68 40620.02 41187.68 13868.61 USD [+]
GDP per capita PPP 38657.79 38084.87 38657.79 26202.27 USD [+]
GDP From Agriculture 3154.00 3175.00 3267.00 2350.00 GBP Million [+]
GDP From Construction 26025.00 26245.00 26245.00 20035.00 GBP Million [+]
GDP From Manufacturing 40921.00 41260.00 43548.00 37451.00 GBP Million [+]
GDP From Mining 7991.00 7659.00 16722.00 6493.00 GBP Million [+]
GDP From Public Administration 18945.00 19016.00 22274.00 18888.00 GBP Million [+]
GDP From Services 334410.00 331233.00 334410.00 171542.00 GBP Million [+]
GDP From Transport 17784.00 17747.00 18739.00 9402.00 GBP Million [+]



United Kingdom GDP Annual Growth Rate Notes

The United Kingdom is the sixth largest economy in the world and the second largest in Europe after Germany. The Services sector is the most important and accounts for 79 percent to total GDP. The biggest segments within Services are: government, education and health (19 percent of total GDP); real estate (12 percent); professional, scientific and technical activities and administrative and support services (12 percent); wholesale and retail trade (11 percent); and financial and insurance (8 percent). Industry accounts for 21 percent of the GDP and the largest segments within this sector are: manufacturing (10 percent of total GDP) and construction (6 percent). The Agriculture sector accounts for only 1 percent of GDP. This page provides the latest reported value for - United Kingdom GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United Kingdom GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on January of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
2.20 2.00 9.80 -6.10 1956 - 2016 percent Quarterly



Last
Iceland 10.20 Sep/16
Ivory Coast 9.90 Sep/16
Ethiopia 9.60 Dec/15
Papua New Guinea 9.00 Dec/15
Uzbekistan 7.80 Dec/16
India 7.30 Sep/16
Cambodia 7.20 Dec/16
Bangladesh 7.11 Dec/16
Philippines 7.10 Sep/16
Laos 7.00 Dec/15
Myanmar 7.00 Dec/15
Ireland 6.90 Sep/16
Tajikistan 6.90 Dec/16
Maldives 6.80 Jun/16
China 6.70 Sep/16
Djibouti 6.70 Dec/15
Vietnam 6.68 Dec/16
Moldova 6.30 Sep/16
Tanzania 6.20 Sep/16
Turkmenistan 6.20 Sep/16
Senegal 6.00 Sep/16
Dominican Republic 5.80 Sep/16
Kenya 5.70 Sep/16
Chad 5.60 Dec/15
Niger 5.60 Sep/16
Bhutan 5.50 Dec/15
Togo 5.50 Sep/16
Burkina Faso 5.40 Sep/16
Mali 5.40 Sep/16
Monaco 5.40 Dec/15
Sao Tome and Principe 5.30 Dec/15
Guinea Bissau 5.20 Sep/16
Palestine 5.20 Sep/16
Rwanda 5.20 Sep/16
Indonesia 5.02 Sep/16
Benin 5.00 Sep/16
Paraguay 5.00 Sep/16
Central African Republic 4.90 Dec/15
Sudan 4.90 Dec/15
Luxembourg 4.80 Sep/16
Panama 4.80 Sep/16
Gambia 4.70 Dec/15
Botswana 4.50 Sep/16
Peru 4.40 Sep/16
East Timor 4.30 Dec/15
Malaysia 4.30 Sep/16
Nicaragua 4.30 Sep/16
Romania 4.30 Sep/16
Seychelles 4.30 Dec/15
Pakistan 4.24 Dec/15
Fiji 4.20 Dec/15
Gabon 4.20 Dec/15
Sri Lanka 4.10 Sep/16
Ghana 4.00 Sep/16
Macau 4.00 Sep/16
Mauritius 4.00 Sep/16
Costa Rica 3.99 Sep/16
Algeria 3.90 Dec/15
Bahrain 3.90 Sep/16
Israel 3.80 Sep/16
Kosovo 3.80 Sep/16
Kyrgyzstan 3.80 Dec/16
Cameroon 3.70 Mar/16
Mozambique 3.70 Sep/16
Qatar 3.70 Sep/16
Honduras 3.60 Dec/15
Zambia 3.60 Dec/15
Cape Verde 3.50 Jun/16
New Zealand 3.50 Sep/16
Bulgaria 3.40 Sep/16
Guatemala 3.40 Jun/16
Lesotho 3.40 Dec/15
United Arab Emirates 3.40 Dec/15
Bolivia 3.24 Jun/16
Comoros 3.20 Dec/15
Spain 3.20 Sep/16
Thailand 3.20 Sep/16
Albania 3.10 Sep/16
Mauritania 3.10 Dec/15
Angola 3.00 Dec/16
Cayman Islands 3.00 Jun/16
Guyana 3.00 Dec/15
Madagascar 3.00 Dec/15
Malta 3.00 Sep/16
Slovakia 3.00 Sep/16
Croatia 2.90 Sep/16
Cyprus 2.90 Sep/16
Malawi 2.90 Dec/15
Sweden 2.80 Sep/16
Slovenia 2.70 Sep/16
Serbia 2.60 Sep/16
Somalia 2.60 Dec/14
South Korea 2.60 Sep/16
El Salvador 2.51 Sep/16
Bosnia and Herzegovina 2.50 Sep/16
Congo 2.50 Dec/16
Poland 2.50 Sep/16
Iraq 2.40 Dec/15
Macedonia 2.40 Sep/16
Montenegro 2.40 Sep/16
Netherlands 2.40 Sep/16
Egypt 2.30 Mar/16
Georgia 2.30 Sep/16
Hungary 2.20 Sep/16
New Caledonia 2.20 Dec/15
United Kingdom 2.20 Sep/16
Afghanistan 2.10 Dec/15
Taiwan 2.03 Sep/16
Jamaica 2.00 Sep/16
Mexico 2.00 Sep/16
Ukraine 2.00 Sep/16
Uruguay 2.00 Sep/16
Czech Republic 1.90 Sep/16
European Union 1.90 Sep/16
Hong Kong 1.90 Sep/16
Australia 1.80 Sep/16
Greece 1.80 Sep/16
Jordan 1.80 Sep/16
Kuwait 1.80 Dec/15
Singapore 1.80 Dec/16
Uganda 1.75 Sep/16
Euro Area 1.70 Sep/16
Lithuania 1.70 Sep/16
Swaziland 1.70 Dec/15
United States 1.70 Sep/16
Chile 1.60 Sep/16
Finland 1.60 Sep/16
Portugal 1.60 Sep/16
Germany 1.50 Sep/16
Zimbabwe 1.50 Dec/15
Haiti 1.40 Dec/16
Belgium 1.30 Sep/16
Canada 1.30 Sep/16
Estonia 1.30 Sep/16
Switzerland 1.30 Sep/16
Tunisia 1.30 Sep/16
Austria 1.20 Sep/16
Colombia 1.20 Sep/16
Denmark 1.20 Sep/16
Morocco 1.20 Dec/16
Republic of the Congo 1.20 Dec/15
Japan 1.10 Sep/16
France 1.00 Sep/16
Italy 1.00 Sep/16
Lebanon 1.00 Dec/15
Barbados 0.90 Dec/15
Saudi Arabia 0.90 Sep/16
Nepal 0.77 Dec/15
South Africa 0.70 Sep/16
Bahamas 0.60 Dec/16
Iran 0.60 Mar/15
Kazakhstan 0.40 Sep/16
Eritrea 0.30 Dec/15
Latvia 0.30 Sep/16
Liberia 0.30 Dec/15
Guinea 0.10 Dec/15
Russia -0.40 Sep/16
Puerto Rico -0.60 Dec/15
Belize -0.80 Sep/16
Liechtenstein -0.80 Dec/14
Cuba -0.90 Dec/16
Norway -0.90 Sep/16
Namibia -1.00 Sep/16
North Korea -1.10 Dec/15
Ecuador -1.60 Sep/16
Mongolia -1.60 Sep/16
Turkey -1.80 Sep/16
Suriname -2.10 Dec/15
Nigeria -2.24 Sep/16
Syria -2.30 Dec/11
Armenia -2.60 Sep/16
Brazil -2.90 Sep/16
Belarus -3.40 Sep/16
Argentina -3.80 Sep/16
Brunei -3.80 Sep/16
Azerbaijan -3.90 Sep/16
Burundi -4.10 Dec/15
South Sudan -5.30 Dec/15
Libya -6.00 Dec/15
Venezuela -7.10 Sep/15
Trinidad and Tobago -8.00 Jun/16
Equatorial Guinea -10.60 Dec/15
Oman -14.10 Dec/15
Sierra Leone -21.50 Dec/15
Yemen -28.10 Dec/15